Note: This is the eleventh post in a weekly video series on basic microeconomics.
Who bears the burden of a tax, the buyer or the seller? Or what about the health insurance mandate in Obamacare—does the employer or the worker pay the tax? In this video, Marginal Revolution University examines these questions and explains why the more elastic side of the market tends to pay a smaller share of a tax.
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How elasticity affects human trafficking
Birth of Freedom Shorts Series: Christianity and Human